The Goldman Sachs Group Raises Petco Health and Wellness (NASDAQ:WOOF) Price Target to $4.48

Petco Health and Wellness (NASDAQ:WOOF - Free Report) had its price objective upped by The Goldman Sachs Group from $4.00 to $4.48 in a research note issued to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Morgan Stanley reduced their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Wedbush decreased their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Royal Bank of Canada dropped their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $3.85.

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Petco Health and Wellness Trading Up 3.0 %

Shares of WOOF stock traded up $0.09 during trading hours on Thursday, hitting $3.05. 6,891,449 shares of the company were exchanged, compared to its average volume of 4,568,991. The company has a 50 day simple moving average of $2.97 and a two-hundred day simple moving average of $3.92. The firm has a market cap of $956.02 million, a P/E ratio of -7.63 and a beta of 1.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth approximately $25,000. Scotia Capital Inc. bought a new position in shares of Petco Health and Wellness during the 4th quarter worth $41,000. New York State Common Retirement Fund increased its stake in shares of Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after purchasing an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $44,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Petco Health and Wellness during the 4th quarter valued at approximately $45,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.